Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.039%
Price spread now: MEXC against Hyperliquid−0.161%7-day average −0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$330.328% of the position
Funding, last 7 days−0.119%−$12 on $10k
+Price spread, last 7 days+0.079%+$8 · spread now −0.161%, 7d avg −0.085%
=Together, before fees−0.039%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.076% cheaper against Hyperliquid than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.085%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZRO | 1.1793 | 0.0100 | pay 0.0013% / 1h | 56m 22s | $37.5M | $7.3M | 5x |
| Short | MEXC ZRO_USDT | 1.1774 | 0.0100 | get 0.0050% / 4h | 2h 56m | $19.0M | $3.5M | 125x |
Hyperliquid ZRO
MEXC ZRO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.161% → −0.085%
- −$7.61
- Slippage, 4 orders
- −$23.75
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$40.36
- Costs to cover
- 0.328%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; MEXC: live order book, 2 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Hyperliquid live order book, 7 min ago | 1.27 bp | 11.5 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.43 bp | 4.0 bp −$4 | 10.9 bp −$109 | 67.0 bp −$6,700 | 429.7 bp −$214.9K |
ZRO on 26 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZROUSD | −0.0272% | 1h | 1.1777 | −0.137% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0036% | 4h | 1.1777 | −0.136% | $21K | $7K | 10x | as long as short |
| OKX ZRO-USDT-SWAP | −0.0016% | 4h | 1.1769 | −0.204% | $3.2M | $9.2M | 20x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1778 | −0.131% | $21K | $2K | 5x | as long as short |
| Bybit ZROUSDT | +0.0007% | 4h | 1.1762 | −0.263% | $18.1M | $16.4M | 50x | as long as short |
| Hyperliquid ZROlong | +0.0100% | 1h | 1.1793 | long leg | $37.5M | $7.3M | 5x | |
| Aster ZROUSDT | +0.0100% | 4h | 1.1782 | −0.092% | $157K | $165K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1778 | −0.127% | $143K | $201K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1773 | −0.166% | $22.3M | $34.7M | 75x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1760 | −0.280% | $1.3M | $2.0M | 75x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
OKX ZRO-USDT-SWAP
dYdX ZRO-USD
Bybit ZROUSDT
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Gate ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZRO_USDTshort | +0.0100% | 4h | 1.1774 | −0.161% | $19.0M | $3.5M | 125x | |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1769 | −0.204% | $2.5M | $1.5M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1771 | −0.187% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1770 | −0.195% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1777 | −0.136% | $92K | $208K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1788 | −0.041% | $2.2M | $892K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1770 | −0.195% | $37K | $682K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1781 | −0.102% | $86K | $1.0M | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1770 | −0.195% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0136% | 4h | 1.1760 | −0.280% | $1.1M | $265K | 75x | as long as short |
| Lighter ZRO | +0.0192% | 1h | 1.1783 | −0.082% | $4.7M | $1.2M | 5x | as long as short |
| Extended ZRO-USD | +0.0240% | 1h | 1.1768 | −0.216% | $780K | $559K | 10x | as long as short |
| Nado ZRO-PERP | +0.0247% | 1h | 1.1772 | −0.180% | $1.3M | $131K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1782 | −0.090% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0318% | 1h | 1.1786 | −0.061% | $249K | $574K | 25x | as long as short |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1800 | +0.059% | $12K | $145K | 12x | as long as short |
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Lighter ZRO
Extended ZRO-USD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP